• Sat. Nov 28th, 2020

Dimancherouge

Technology

Domino’s Upgraded to Outperform at Cowen on Profit Prospects

Domino’s Pizza  (DPZ) – Get Report shares on Friday firmed after Cowen analyst Andrew Charles upgraded the country’s largest pizzeria chain to outperform from market perform, lifting his share-price target to $450 from $445.

The company has benefited from pizza orders by consumers stuck at home during the coronavirus pandemic.

Domino’s can exceed expectations for earnings and sales comparisons in 2020-2022, Charles wrote in a report cited by The Fly. 

That’s because of “proactive measures” to advance its already strong position while boosting market share from the current level of 51% in the quick-service restaurant/pizza category, he said.

Source Article